sabreW4K3@lazysoci.al to Automotive IndustryEnglish · 1 year agoGM had $6 billion to spend on EVs, chose stock buybackselectrek.coexternal-linkmessage-square14linkfedilinkarrow-up1145arrow-down12cross-posted to: evs@lemmy.worldelectricvehicles@slrpnk.net
arrow-up1143arrow-down1external-linkGM had $6 billion to spend on EVs, chose stock buybackselectrek.cosabreW4K3@lazysoci.al to Automotive IndustryEnglish · 1 year agomessage-square14linkfedilinkcross-posted to: evs@lemmy.worldelectricvehicles@slrpnk.net
minus-squareOpticalMooselinkfedilinkEnglisharrow-up38arrow-down1·1 year agoFun fact: The US Gov’t never broke even on that bailout https://www.nbcnews.com/businessmain/u-s-exits-gm-stake-taxpayers-lose-10-5-billion-2D11716261
minus-squareBearOfaTime@lemm.eelinkfedilinkEnglisharrow-up20arrow-down1·1 year agoOf course not. Just like Cash for Clunkers only lined the pockets of auto manufacturers. You can’t make more of something and somehow reduce energy and materials consumption.
minus-squareTachyonTele@lemm.eelinkfedilinkEnglisharrow-up7arrow-down1·1 year agoWas it supposed to? The government isn’t a company.
minus-squarenehal3m@sh.itjust.workslinkfedilinkEnglisharrow-up6·1 year agoExactly so they shouldn’t have bailed anyone out in the first place.
minus-squarePunnyName@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·1 year agoUm. Always has been [a business].
Fun fact: The US Gov’t never broke even on that bailout https://www.nbcnews.com/businessmain/u-s-exits-gm-stake-taxpayers-lose-10-5-billion-2D11716261
Of course not.
Just like Cash for Clunkers only lined the pockets of auto manufacturers.
You can’t make more of something and somehow reduce energy and materials consumption.
Was it supposed to? The government isn’t a company.
Exactly so they shouldn’t have bailed anyone out in the first place.
Um. Always has been [a business].